Lesa Sroufe & Co Decreases Holdings in Hecla Mining Company $HL

Lesa Sroufe & Co lowered its holdings in Hecla Mining Company (NYSE:HL) by 47.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248,692 shares of the basic materials company’s stock after selling 224,477 shares during the period. Hecla Mining makes up 3.2% of Lesa Sroufe & Co’s investment portfolio, making the stock its 10th largest position. Lesa Sroufe & Co’s holdings in Hecla Mining were worth $4,633,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HL. Lodestone Wealth Management LLC purchased a new position in shares of Hecla Mining during the fourth quarter worth about $28,000. Quadrant Capital Group LLC increased its position in shares of Hecla Mining by 74.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 631 shares during the last quarter. Sittner & Nelson LLC purchased a new stake in Hecla Mining in the fourth quarter valued at approximately $29,000. Rothschild Investment LLC raised its stake in Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 781 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Hecla Mining in the fourth quarter valued at approximately $31,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Down 0.4%

Shares of NYSE HL opened at $16.27 on Friday. The stock has a market capitalization of $10.91 billion, a P/E ratio of 39.69 and a beta of 1.29. Hecla Mining Company has a one year low of $5.47 and a one year high of $34.17. The firm’s 50 day simple moving average is $16.92 and its two-hundred day simple moving average is $19.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business had revenue of $411.43 million during the quarter, compared to the consensus estimate of $407.63 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The company’s revenue was up 57.4% compared to the same quarter last year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were given a dividend of $0.0038 per share. This represents a $0.01 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, May 22nd. Hecla Mining’s dividend payout ratio (DPR) is presently 2.44%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HL. Weiss Ratings cut shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. HC Wainwright lowered their price objective on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Hecla Mining currently has a consensus rating of “Hold” and a consensus target price of $24.79.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.